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Islamic Finance Briefing - Categorized | Banking, Performance more

ABC Islamic Bank announces Q2 profit up 14.3 pct yoy, 50 pct qoq

Posted on 15 August 2012

Bahrain-based ABC Islamic Bank H1 net fell 21.6 per cent to $4 million from $5.1 million in the same period in 2011 which included a non-recurring one-off revenue item of $1.3 million. Net profit for Q2 was $2.4 million compared to $1.6 million in Q1 2012, representing a 50 per cent quarter on quarter increase, and up 14.3 per cent on $2.1 million for Q2 2011.
Total operating income amounted to $4 million compared to $3.4 million for the first quarter of 2012. Operating expenses were $1.4 million compared to $1.3 million………………………………………..Full Article: Source

 
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